Pension Worksheet–Kramer Co.xls Home Insert Page Layout Formulas Data Review View P18 fx A B C D E F G H General Journal Entries Memo Record Annual Pension Pension Projected Benefit OC-Prior Service Cost 4 OC- Asset/ 5 Items Expense Cash Gain/Loss Liability Obligation Plan Assets 6 Balance, Jan. 1, 2017 Service cost 120,000 325,000 205,000 Dr. (1) 20,000 Interest cost (2) 26,000 9 Actual return (3) 18,000 Dr. 10 Unexpected loss 11 Amortization of PSC 2,500 (4) (5) 35,000 12 Contributions 41,000 41,000 Dr. 13 Benefits 15,000 15,000 Cr. 14 Increase in PBO (6) 43,500 15 Journal entry for 2017 16 Accumulated OCI, Dec. 31, 2016 (7) (8) (9) 80,000 45,000 (10) (11) 17 Balance, Dec. 31, 2017 46,000 150,500 Cr. 399,500 Cr. 249,000 Dr. 18

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The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC).  ($ in millions) debit (credit) PBO   Plan assets   Prior service cost   Net (Gain) loss   Pension Expenses   Cash   Net Pension (Liability)/ Asset   Beginning Balance (540 )                     70                             Service cost                                 74                     Interest cost                                                       Expected return on assets                                 (27 )                   Gain/loss on assets                         (4 )                           Amortization of:                                                       Prior service cost                 (10 )                                   Net gain loss                                                       Loss on PBO (29 )                     29                             Contribution to funds…

See attached picture 1. Determine the components of pension expense that the company would recognize in 2017. (With only one year involved, you need not prepare a worksheet) 2. Prepare the journal entry to record the pension expense and the company's funding of the pension plan in 2017

Refer to the financial statements and related disclosure notes of Microsoft Corporation (www.microsoft.com).Required:1. What type of pension plan does Microsoft sponsor for its employees? Explain.2. Who bears the “risk” of factors that might reduce retirement benefits in this type of plan? Explain.3. Assuming that employee and employer contributions vest immediately, suppose a Microsoft employee contributes $1,000 to the pension plan during her first year of employment and directs investments to a bondmutual fund. If she leaves Microsoft early in her second year, after the mutual fund’s value has increased by2%, how much will she be entitled to roll over into an Individual Retirement Account (IRA)?4. How did Microsoft account for its participation in the pension plan in fiscal 2015?

Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2020. ( Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) The following information is available for the pension plan of Sandhill Company for the year 2020.

The following incomplete (columns have missing amounts) pension spreadsheet is for the current year for First Republic Corporation (FRC). ($ in millions)Debit(Credit)PBO Plan Assets Prior Service Cost Net(Gain)/Loss Pension Expense Cash Net Pension (Liability)/Asset Beginning balance (740)      32   (94)           Service cost                 66        Interest cost                 37        Expected return on assets     72                    Gain/loss on assets             (4)           Amortization of:                          Prior service cost         (10)               Net gain/loss             5            Loss on PBO (12)                       Contributions to fund                     (49)   Retiree benefits paid     (69)                   Ending balance     745       (85)             What was the net pension asset/liability reported in the balance sheet at the end of the year?   Multiple Choice Net pension liability of $41 million. Net pension asset of $58 million. Net pension…

Please provide proper tables for each requirement. For the spreadhseet as well as the journal entries so it is easy to understand. Tables with titles and calculations and accounts etc.

Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024: Prior service cost at January 1, 2024, from plan amendment at the beginning of 2022 (amortization: $4 million per year) Net loss-pensions at January 1, 2024 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate ($ in millions) Beginning of 2024 Service cost Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2024 Beginning of 2025 Service cost PBO $ 300 48 Interest cost, 8% Loss (gain) on PBO Less: Retiree benefits End of 2025 24 (2) (20) $ 350 PBO $ 350 38 28 5 Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025: ($ in millions) (16) Beginning of 2024 Return on plan assets, 7.5% (10% expected) $ 405 Cash contributions Less: Retiree benefits End of 2024 Beginning of 2025 Return on plan assets, 15% (10% expected) $…

How do I go about calculating pension payouts to determine a company's financial obligation? Additional info is below: Postretirement BenefitsPeyton Approved has revised its postretirement plan. It will now provide health insurance to retired employees. Management has requested that you report the short- and long-term financial implications of this. The company is currently employing 60, and actuaries estimate that the company has a pension liability of $107,041.70. The estimated cost of retired employees’ health insurance is $43,718.91. Prepare adjusting entries for the pension liability and the health insurance liability